Professional Indemnity – the year so far, and what is to come in 2018
2017 has been another challenging year for the Professional Indemnity (PI) insurance market. The competition in the insurance business sector shows no sign of easing up anytime soon, and the market will continue to see a number of organisations offering PI to the small and medium-sized enterprises (SME) sector. Competition ranges from traditional underwriters to Managing General Agents (MGAs), from online solutions to schemes, as well as direct markets.
With these competitive conditions, Tokio Marine HCC (TMHCC) has maintained a strong position in the market through the development of various underwriting solutions and service. In November our PI underwriters won “PI and D&O” team of the year at the Underwriting Services Awards for the fourth time, which acknowledged the underwriting expertise of the team.
To read the full article from Tokio Marine HCC, click the link below….
Tokio Marine HCC is a leading specialty insurance group conducting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Headquartered in Houston, Texas, the company is comprised of highly entrepreneurial teams equipped to underwrite special situations, companies and individuals, acting independently to deliver effective solutions. Our products and capabilities set the standard for the industry, as many of our nearly 2,600 employees are industry-leading experts. Tokio Marine HCC is part of Tokio Marine, a premier global company with a market cap of approximately $31 billion (Market Cap as of 12/31/2016).
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